Tag Archives: mortgage

Prepayments and its advantegs

Prepayment is when you make additional mortgage payments so you pay down your mortgage early. This reduces your overall cost borrowing, you may be able to drop your private insurance early.

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Title Theory versus Lien Theory

In some states, lenders are considered the owners of mortgaged land and hold legal title, while the borrower has equitable title. Other states are lien theory states because they consider the borrowers to be the owners of mortgaged property, lenders … Continue reading

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Equity in your Texas homes

When we talk about equity, we find the difference between the fair market value of the home and outstanding balance on your mortgage plus any outstanding home equity loans.

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Closing costs buying homes in the Ft. Hood area

The closing costs on a loan are fees you may have to pay when you purchase a home. These fees include application fees; title review, abstract of title, title insurance, and property survey fees; fees for preparing deeds, mortgages, and … Continue reading

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Lender Checklist: What You Need for a Mortgage

  □         W-2 forms — or business tax return forms if you’re self-employed — for the last two or three years for every person signing the loan. □         Copies of at least one pay stub for each person signing the … Continue reading

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